The Kingdom of Saudi Arabia is poised to raise at least $11.2 billion from the ongoing secondary offering of shares in Saudi oil giant Aramco, Bloomberg reported on Friday, citing anonymous sources with knowledge of the matter. The Saudi…
In a significant move, Saudi Aramco has announced an $11.2 billion stock sale, marking the largest global offering in three years. The proceeds will be channeled into Saudi Arabia’s ambitious economic overhaul.
The China Petroleum and Chemical Corporation (Sinopec) announced on Thursday that its Sinopec Oilfield Service Company has signed an agreement worth about $1.1 billion to construct natural gas pipelines for Saudi Aramco, the state oil…
The $12-billion secondary share offering of Saudi oil giant Aramco has drawn strong demand from foreign investors, sources with knowledge of the matter told Bloomberg on Thursday. Saudi Aramco launched on Sunday a secondary public offering…